Healthcare logistics platform AllTrak raises Rs4.2Cr led by Inflection Point Ventures

AllTrak, a healthcare technology and logistics startup, has raised Rs 4.2 crore in a pre-series A funding round led by Inflection Point Ventures, a Gurugram-based angel investment firm.

According to the startup, the raised funds will be allocated towards team expansion, technology enhancement, and logistics operations expansion across multiple cities in India.

What does AllTrak do?

AllTrak is a B2B healthtech startup that offers end-to-end solutions to diagnostic companies. The startup's solutions include a technology SaaS platform, PAN India shared logistics network and phlebotomist network to healthcare companies to serve their patients. 

Its ecosystem helps healthcare companies grow faster and creates a seamless solution for accelerated patient report turnaround. 

Who are the founders?

AllTrak was established in 2021 by Amit Gupta and Tarun Sharma. The founders bring deep domain expertise in the healthcare industry. Amit Gupta, an industry veteran with 20+ years of experience in building technology platforms, holds a B. Tech in Electronics and Telecommunication.

He has worked in companies like General Motors, EDS, Computer Associates, ABN Amro, Capgemini, etc., and Co-founder Tarun Sharma, with a degree in BCom from Delhi University holds 15+ years of work experience in healthcare operations. Tarun has managed healthcare operations on a large scale at the pan India level with a 3000+ fleet.

What do the investors say about AllTrak?

Vikram Ramasubramanian, Partner, Inflection Point Ventures, said, “Following the challenges posed by the Covid pandemic, we have collectively recognized the vital significance of timely delivery of diagnostic healthcare samples that are essential for optimal patient care and effective treatment planning."

He said the integrated approach designed by AllTrak helps overcome logistical bottlenecks, contributing to more effective and streamlined transportation and tracking for healthcare providers, ultimately contributing to the betterment of the industry.

Monitoring 7 lakh patient samples per month

AllTrak technologies platform tracks and monitors 7 Lac patient samples per month. The tech-enabled logistics network facilitates seamless healthcare operations in 50+ cities, including Delhi NCR, Mumbai, Pune, Bangalore, Hyderabad, Chennai, Kolkata and many tier 2 and 3 cities.

The platform claims to have 5000+ registered healthcare professionals, tracks 5,00,000+ monthly visits, and 10,500+ networked pickup locations/centres. The startup also claims that its unique technology offering is used by healthcare companies among India’s top 10.

 Amit Gupta, Founder & CEO, AllTrak, said, “India GDP is all set to reach at $5T by Y2027 and $10 by Y2035. Healthcare is going to be one of the important sectors for India to grow. We want to grab this opportunity and build and offer a robust ecosystem for healthcare companies to grow. The support from IPV investors has helped us in the journey and our vision to revolutionize healthcare Industry. We appreciate the overall process for seamless deal flow.”

The Indian diagnostic services market was valued at $14.57 billion in 2022 and $16.23 billion in 2023 and is forecasted to reach $43.57 billion by FY32 (as per a report published by Polaris Market Research in March 2023).

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